September 21, 2020/InvestmentOne Report
The Nigerian equities market closed up today as NSE-ASI inched up 0.01% to close at 25,574.35pts.
In today’s trade, the market breadth index was negative with 16 losers against 9 gainers.
ABCTRANS (+10.00%) led the gainer’s chart today, while CHAMPIONS (-10.00%) was the top loser.
FBNH (-1.01%) was the most actively traded stock with about 43million units of shares worth about N214million.
Sector Performances
· NSE Consumer Goods Index: Inched up by 0.08%, due to the gain in INTBREW (+3.03%).
· NSE Banking Index: Decreased by 0.09%, due to the losses in JAIZBANK (-3.39%), UNITYBNK (-1.57%), STERLNBANK (-1.68%), FBNH (-1.01%) and FCMB (-0.97%).
· NSE Oil & Gas Index: Closed Flat.
· NSE Industrial Index: Closed Flat.
Performance of key stocks
S/N
| Stock
| Current Price (N)
| 1-day change (%)
| Week to date change (%)
|
1
| ACCESS
| 6.40
| -0.78%
| -0.78%
|
2
| DANGCEM
| 135.00
| 0.00%
| 0.00%
|
3
| FBNH
| 4.90
| -1.01%
| -1.01%
|
4
| FIDELITYBK
| 1.77
| -0.56%
| -0.56%
|
5
| GUARANTY
| 25.40
| 0.20%
| 0.20%
|
6
| MTNN
| 120.10
| 0.08%
| 0.08%
|
7
| UBA
| 6.00
| 0.00%
| 0.00%
|
8
| SEPLAT
| 385.00
| 0.00%
| 0.00%
|
9
| ZENITHBANK
| 16.70
| 0.00%
| 0.00%
|
10
| OKOMUOIL
| 78.00
| 0.00%
| 0.00%
|
The equities market closed up today due to the positive sentiment towards the Consumer sector. While we believe the risk-off sentiment on the back of weak oil price, as well as the impact of the Coronavirus could continue to weigh in on the equities market, we opine that this may be one of the best periods to start picking some of the quality names with a medium to long term investment horizon.
